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Sport Where does horse racing fit in a world with legal sports betting?

19:16  16 may  2018
19:16  16 may  2018 Source:   latimes.com

Why legalized sports gambling is a win for millions of fans

  Why legalized sports gambling is a win for millions of fans Supreme Court ruling strikes down federal law and puts the power to legalize sports betting in the hands of the states.Load Error

In doing so, if you choose three Dubai World Cup – This meeting is one of the most prestigious events in racing as the main races are by invitation only. Can legalized sports betting boost horse racing ? Richard Brian for VICE Sports .

LEXINGTON, Ky. — The Supreme Court’s blockbuster ruling on Monday paving the way for states to conduct gambling on all sorts of sporting events poses an important question about one gambling entity close to home. Does the ruling help or hurt horse racing ?

a group of people standing in front of Churchill Downs: Palace Malice, with Mike Smith up, leads during the first turn of the 139th running of the Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday, May 4, 2013.© Briana Scroggins/Lexington Herald-Leader/TNS Palace Malice, with Mike Smith up, leads during the first turn of the 139th running of the Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday, May 4, 2013.

LEXINGTON, Ky. - The Supreme Court's blockbuster ruling on Monday paving the way for states to conduct gambling on all sorts of sporting events poses an important question about one gambling entity close to home.

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Does the ruling help or hurt horse racing?

The early consensus is that there is no consensus. The only sure bet is that no one knows for sure how this will play out; which state legislatures will approve sports gambling and which ones will not; what sort of regulations will be imposed; where the money will go, etc.

Kyle Busch sees legalized sports betting as being positive for NASCAR

  Kyle Busch sees legalized sports betting as being positive for NASCAR Some observers envision the possibility of fans placing sports bets at speedway locations on race day or using mobile devices to make bets. NASCAR issued a statement saying it will monitor the impact of the court ruling.Somewhat surprisingly, Las Vegas, the nation’s gambling capital, is over-represented in NASCAR driving circles. Calling Sin City home are brothers Kyle and Kurt Busch, plus Noah Gragson, Brendan Gaughan and Spencer Gallagher.

What does that mean for Thoroughbred horse racing ? Industry analysts are not sure whether the news helps or hurts the sport . And most believe that in states where Thoroughbred racing is legal , that's where the sports betting will begin.

LEXINGTON, Ky. — The Supreme Court’s blockbuster ruling on Monday paving the way for states to conduct gambling on all sorts of sporting events poses an important question about one gambling entity close to home. Does the ruling help or hurt horse racing ?

Many believe states will watch closely to what happens in New Jersey, the state that filed the successful Supreme Court case and already has laws in place to take advantage of the ruling. In fact, Monmouth Park in Oceanport, N.J., announced Tuesday morning it will open a sports book for sports betting on Memorial Day.

Monmouth is a Thoroughbred racetrack, of course, most famously home of the Haskell Invitational. And most believe that in states where Thoroughbred racing is legal, that's where the sports betting will begin.

"I think it's good for horse racing," said Mike Cameron, a co-host of WLXG-AM 1300's afternoon sports radio call-in show who also happens to be a horse trainer. "And the main reason is because of a lot of these so-called brick and mortar places are going to start out at the racetrack."

What court's ruling on sports betting means for gamblers

  What court's ruling on sports betting means for gamblers With states such as New Jersey potentially open to take bets in time for the NBA Finals at the end of the month, here is what the ruling could mean.  Removing 'shadiness' and stigmaSports gambling has always existed. According to the American Gaming Association, at least $150 billion a year is wagered on sports, 97% of which is bet illegally through such outlets as bookies, off-shore websites and other establishments  — known as sports books — that take bets on events and pay out winnings.

A fan of horse racing or not, here's some interesting information about this sport I am sure you did not know. However, as the days rolled by, people started betting money on the horses , and the sport is now a great gambling sport all over the world .

Ours is not.” Whether sports league officials would still chafe at any nexus to horse racing and the federal law that regulates interstate bets remains an open issue. And that is where the Interstate Horseracing Act could play a role. When Congress does end up tackling sports wagering

Churchill Downs recently purchased Presque Isle Downs in Pennsylvania after the state approved online gaming and sports betting. Kip Levin, CEO of the racing television network TVG, released a statement Monday saying the company wants to work with states "to ensure a safe, secure environment for legalized sports betting."

That doesn't necessarily mean the revenue will go to horse racing, however. As Ray Paulick, publisher of the Paulick Report, wrote Tuesday, horsemen can only hope new bettors will "cross over to bet on horses. That didn't work with slot machines, but there are far more similarities between sports bettors and horse players than there are with casino gamblers or slot players."

Paulick remains skeptical.

"I think it further marginalizes racing in the competitive gambling market, and that's not good," he said via email on Tuesday. "It comes down to whether people who think they are experts on sports and bet on that will be attracted to racing. My inclination is to say they won't."

Legal sports betting coming soon to several US states

  Legal sports betting coming soon to several US states A decision by the Supreme Court means American sports fans will soon have many more places to place legal bets on the results of football, baseball, basketball, hockey and other games. Five states have the edge in the race to legalize sports betting because they've already passed laws contingent on the Supreme Court striking down the 1992 federal ban on such gambling, which the court did on Monday. And Delaware could move quickly to expand the limited legal gambling it has already. Several other states are likely to follow them in the coming months or years as they seek to capitalize on the economic growth and tax revenue that legal gambling can bring.

Menu Sports Betting - Sports Betting Bill Tracker -Integrity Fee - Horse Betting Sites US Betting -New Jersey Sports Betting -Nevada Sports Betting Where can you bet on horse races online in the US? Betting on horse racing online or via a mobile device is not legal in every state.

Horse racing : Horse racing , sport of running horses at speed, mainly Thoroughbreds with a Legal offtrack betting parlours proliferated during the late 20th century but were less prevalent in the …out of town for the horse races —as they do by the thousands in June for the Derby on Epsom Downs

In fact, some fear that people who bet on horse racing because it was the only sport on which to make a legal wager, will now abandon it entirely.

A March survey conducted by Blood-Horse, a Thoroughbred industry magazine, contradicted that assumption. Of the 264 bettors surveyed, "only 4 percent said they would bet less on racing if sports betting were legalized in their state."

"I've been a gambler all my life," Cameron said. "It's not about what particular things I'm betting on, it's the fact that I just bet. It's action. I think they made that same argument when they came up with the (state) lottery."

And Thoroughbred racing survived. For all the worries about the state of the sport, Keeneland continues to attract strong crowds and 157,813 showed up for this year's Kentucky Derby at Churchill Downs on a day of record rainfall in Louisville.

"My own take on it is people who bet on racing are going to bet on racing and the same goes for sports," said Evan Hammonds, Blood-Horse's managing editor. "If the tracks align themselves with local governments to have sports betting parlors at the track - which is a natural fit - it would benefit racing by bringing in more customers. It will also force tracks to up their game as far as amenities, etc., which is not a problem for Keeneland and Churchill Downs, but is for Ellis, Turfway and other tracks around the country."

"I don't see how this can't help everything," Cameron said. "It'll help the state, it'll help the horse tracks and the horse industry."

Visit the Lexington Herald-Leader (Lexington, Ky.) at www.kentucky.com

Lawmaker wants states to reject sports bet 'integrity fee' .
A top New Jersey lawmaker is urging all 50 states to reject so-called "integrity fee" payments to professional sports leagues in any sports betting legislation they enact. Steve Sweeney, the Democratic state Senate president, says it's "extortion" for the leagues to demand money in return for hosting honest games. The leagues are seeking payments from states or sports betting providers to help them pay for the cost of making sure their games remain free from cheating or manipulation.Democratic state Senate President Steve Sweeney said Wednesday it is "extortion" for the leagues to demand money in return for hosting honest games after the U.S.

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